Antimicrobial plastic are polymers which are mainly used to reduce or restrain the growth of microorganisms such as algae, bacteria, and fungi on any plastic products to maintain hygiene and increase its shelf life. Antimicrobial plastic are used in a variety of applications ranging from health care, construction, packaging containers to consumer goods, and automotive parts. Health care is the largest application of antimicrobial plastic, followed by packaging, and consumer goods. Asia-Pacific is the largest market of antimicrobial plastic for health care application, followed by North America. The market for health care and packaging application of antimicrobial plastic is projected to witness the highest growth among all applications due to emerging economies and growing consumer awareness regarding health concerns, which are expected to drive the market.
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The antimicrobial plastic market in the Asia-Pacific region is projected to register a high CAGR of more than 8.0%, in terms of value, between 2022 and 2031. The rising demand from health care and packaging applications and improving standard of living of the people is among the major reasons for same. The market in Latin America is projected to witness a CAGR of 9.5% between 2022 and 2031.
The antimicrobial plastic market has been segmented based on region into Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. The report covers a country level study for the market in fifteen countries that are China, Japan, India, Germany, Italy, France, U.K., U.S., Canada, Mexico, UAE, Saudi Arabia, South Africa, Brazil, and Argentina.
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
• Product Matrix that gives a detailed comparison of product portfolio of each company
• Further breakdown of a region with respect to a particular country
• Detailed analysis and profiling of additional market players (up to five).
. This report fulfills the requirements of various stakeholders including material suppliers, product manufacturers, investors, and executives. Some of the salient features of this report include:
• Porter’s Five Forces Analysis
• Market Segmentation (Type, Application, and Region) by Volume, and Value
• Competitor Analysis
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